1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shepuryov [24]
3 years ago
12

When the price of wood (which is an input in the production of furniture) falls, the consumer surplus associated with the consum

ption of furniture?
Business
1 answer:
Novosadov [1.4K]3 years ago
8 0
The consumer surplus associated with the consumption of furniture increases. Wood is an input in the production of furniture therefore it constitutes the cost of production, the decrease in the price of wood would therefore mean a decrease in the production cost. A decrease in the cost of production in turn causes a decrease in the buying price of furniture and therefore, consumer surplus increases. 
You might be interested in
How did Apple become successful?
UNO [17]

Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.

Explanation:

3 0
3 years ago
The SCOR model looks at a firm’s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as
Tpy6a [65]

Answer:

Source processes

Explanation:

The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including <u>Source processes</u> which are processes that procure goods and services to meet planned or actual demand.

Supply chain operations reference (SCOR):  It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:

  • Plan
  • Sources.
  • Make.
  • Deliver.
  • Return.

Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.

8 0
4 years ago
Buckshot Electronics is a chain of electronics superstores that is located throughout California. They have 15 locations concent
prisoha [69]

Answer:

Explanation:

Given that:

annual demand = 7800 units

wholesale price = $325

retail price = 399

The per-unit cost for each item = $399 per unit

The annual cost to purchase the items = Annual demand × wholesale price

= annual demand × price of the wholesales

= 7800 × 325

= $2535000

8 0
3 years ago
You are the general contractor for a high-end, private residence construction job. You manage toams of subcontractors who work o
Alex17521 [72]
:3 hello project this is every confusion I do know
4 0
3 years ago
When delivering a 60-second commercial in an interview, you should NOT: a. Keep the commercial concise b. Play a recorded versio
wlad13 [49]
I would say the answer would be B
7 0
3 years ago
Read 2 more answers
Other questions:
  • Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was plac
    5·1 answer
  • The common stock of sweet treats is valued at $10.80 a share. the company increases its dividend by 8 percent annually and expec
    7·1 answer
  • As time goes on and stresses increase, marital satisfaction goes down. For many couples, the reason for this drop is having chil
    11·1 answer
  • Offshore Oil Exploration Partners (OOEP) has entered into a cooperative strategy with Malay Petroleum. The resulting documents a
    14·1 answer
  • 3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase
    7·1 answer
  • A(n) ________ collects data from various key business processes and stores the data in a single comprehensive data repository, u
    10·1 answer
  • On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase the rights to extract raw stone from a sur
    11·1 answer
  • During the current year ending on December 31, BSP Company completed the following transactions:a.On January 1, purchased a pate
    15·1 answer
  • An organization's job structure consists of relative pay for different functions and different levels of responsibility.
    6·1 answer
  • Explain concisely whether the following statement is true or false:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!